Lafarge Africa Plc Announces Board Meeting and Commences Closed Trading Period

Date of Notification: December 6, 2024
Company Name: Lafarge Africa Plc
Issued by: Adewunmi Alode, Legal Director & Company Secretary

Key Highlights

1. Board Meeting Details:
   • Date: Thursday, December 19, 2024
   • Agenda: Review and approval of the Audited Financial Statements for the nine months ended September 30, 2024.
2. Closed Trading Period:
   • Commencement Date: December 6, 2024
   • Duration: Until 24 hours after the financial statements are released to the Nigerian Exchange Limited (NGX).
   • Implication: Insiders are prohibited from dealing in the company’s securities during this period.

Implications for Shareholders and Stakeholders

1. Financial Transparency:
   The upcoming board meeting underscores Lafarge Africa’s commitment to timely and transparent financial reporting. Investors can expect critical insights into the company’s financial health and operational performance for the nine-month period ended September 30, 2024.
2. Insider Trading Compliance:
   By enforcing a closed trading period, Lafarge Africa demonstrates strict adherence to NGX regulations and its own Insider Trading Policy, ensuring fairness and maintaining market integrity.
3. Market Outlook:
   The release of the audited financial statements will provide investors with essential data for decision-making. Key metrics such as revenue, profit margins, and operational efficiency are anticipated to influence market sentiment and share performance.

Lafarge Africa Plc Board Composition

The Board of Directors comprises a diverse group of seasoned professionals, including:

• Chairman: Mr. Gbenga Oyebode, MFR
• Group Managing Director/CEO: Mr. Lolu Alade-Akinyemi
• Directors: Mrs. Elenda Osima-Dokubo, Mrs. Adenike Ogunlesi, Mrs. Karine Uzan Mercie (French), Mrs. Oyinkan Adewale, FCA, Mr. Kaspar Theiler (Swiss), Mr. Khaled El Dokani (Egyptian), Mrs. Claudia Albertini (Italian), and Mr. Grant Earnshaw (British).

Next Steps

1. Investors and stakeholders should monitor announcements following the board meeting on December 19, 2024.
2. Any updates on Lafarge Africa’s financial performance will likely impact its share price and market perception.

Conclusion

Lafarge Africa Plc continues to demonstrate strong corporate governance through its adherence to transparency and compliance standards. The forthcoming financial statements will provide critical insights into its operational and financial standing, further solidifying its position in the market.